Author: NBTC
While the mem token craze has increased recently, Solana-based mem tokens have come to the fore. Among the Solana-based mem tokens, Dogwifhat (WIF) is undoubtedly the most notable project, while Binance, the world’s largest cryptocurrency exchange, also listed WIF. At this point, while WIF has experienced an unstoppable price rise this year, the WIF price exceeded $ 4 today and left PEPE behind, becoming the third largest meme token after DOGE and SHIB, with a market value reaching $ 4 billion. WIF, which exceeded $ 4 with an increase of more than 230% in the last 24 hours, continues to…
San Francisco-based company Ripple has filed a new letter to bolster its motion to strike the U.S. Securities and Exchange Commission’s expert materials. As reported by U.Today, Ripple moved to strike the expert materials from Andrea Fox, an assistant chief accountant in the regulator’s Division of Enforcement Its key argument against the SEC hinged on the untimely disclosure. The defendant said that the regulator was supposed to disclose its expert witness before the final stage of the discovery. Ripple took issue with the fact that Fox was not disclosed as an expert witness. Instead, she was described as a summary…
Bitcoin price took a hit and even spiked below $60,000. BTC could gain bearish momentum if there is a daily close below the $60,000 support zone. Bitcoin started another decline and traded below the $61,200 zone. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $60,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate lower if it fails to recover above $60,400 and then $62,000 this week. Bitcoin Price Reaches Support Bitcoin price started another decline below…
Ethereum price started a recovery wave from the $2,820 zone. ETH is rising and now facing a major hurdle near the 100-hourly simple moving average. Ethereum found support at $2,820 and started a recovery wave. The price is trading below $3,050 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it fails to clear the $3,050 resistance. Ethereum Price Faces Key Hurdle Ethereum price extended losses below the $3,000 level, like…
According to analytics firm TRM Labs, the Tron blockchain is responsible for a whopping 45% of illegal cryptocurrency transactions in 2023, the South China Morning Post reports. The blockchain, which is associated with controversial entrepreneur Justin Sun, is becoming increasingly popular with drug traffickers, but Bitcoin still maintains the lead there. Tron has emerged as an increasingly attractive option for criminals due to its speed and low transaction fees. The report states that Tether, the top stablecoin, accounted for more than $19 billion of illegal transactions. Roughly 1.6% of the stablecoin’s total volume was linked to criminal activities. The Tron-based…
In Terra (LUNA) v. SEC, attorneys representing Terraform Labs are fighting the U.S. Securities and Exchange Commission (SEC) after the agency sought billions of dollars in fines. The firm’s legal team argues that the token sales occurred “almost entirely outside the United States,” according to a brief filed Wednesday. The SEC disputed this claim, arguing that Terraform Labs “targeted US investors” and therefore should pay a hefty $5.3 billion penalty, mostly in damages. However, Terraform’s lawyers disputed this, stating, “…the SEC has presented no evidence that Defendants’ limited activities in the United States directly caused any losses, losses in the…
Bitcoin HODLers appear to have finished taking profits from their long-dormant coins after an early-year rally pushed them far into the green, according to a popular crypto market analyst. In a Monday X post, TXMCtrades said that the market has “likely absorbed the majority of the Long-Term Holder supply we will see activated in this run.” Behavior Of Long Term Bitcoin Holders “As in every cycle, old supply came to life at the highs to pay itself for years of enduring risk,” he explained. As in every cycle, old supply came to life at the highs to pay itself for…
Decentralized finance protocol Ethena will airdrop 750 million ENA tokens to USDe holders on April 2. Aevo’s prelaunch futures tied to ENA surged over 20% early Friday. Prelaunch futures tied to decentralized finance protocol Ethena’s impending governance token ENA surged on Friday, implying a market capitalization of over $500 million at inception. The ENA/USD pre-debut futures listed on the decentralized exchange Aevo changed hands at 73 cents during the Asian trading hours, representing a 22.29% gain on a 24-hour basis. Ethena, home to the $1.3 billion USDe token, will airdrop 750 million ENA, equating to 5% of the total supply,…
The Bitcoin market experienced a wave of selling pressure yesterday, with Bitcoin ETF outflows reaching a weekly high of $162 million. This comes just a day before the highly anticipated FOMC meeting, where the Federal Open Market Committee will discuss potential interest rate hikes. The outflows mark the fifth consecutive day of decline for Bitcoin investment funds, reflecting growing uncertainty in the market. According to SoSoValue, total net outflows from Bitcoin spot ETFs yesterday, April 30, were as high as $162 million. GrayscaleETF GBTC had a single-day net outflow of US$93.2277 million, and the current historical net outflow of GBTC…
Litecoin now leads the crypto payment sector, with a significant share of transactions. Anticipated MWEB upgrade aims to enhance Litecoin’s scalability and fungibility. “Enjoy using one of the most scalable, fungible cryptocurrencies ever.” – Litecoin Foundation. As Litecoin ascends to the pinnacle of crypto payments, its imminent MWEB upgrade promises to redefine scalability and privacy in digital currencies. Litecoin Takes the Lead in Crypto Payments Litecoin has officially surpassed Bitcoin, Ethereum, and Dogecoin combined in terms of payment transactions, making it the preferred cryptocurrency for payments globally. According to Bitpay, Litecoin accounted for 41.76% of its total transaction count in…